New data shows US job growth has been
far weaker than initially reported
Posted By: NorthernDog, 8/21/2024 2:15:52 PM
US job growth during much of the past year was significantly weaker than initially estimated, according to new data released Wednesday. The Bureau of Labor Statistics’ preliminary annual benchmark review of employment data suggests that there were 818,000 fewer jobs in March of this year than were initially reported. Every year, the BLS conducts a revision to the data from its monthly survey of businesses’ payrolls, then benchmarks the March employment level to those measured by the Quarterly Census of Employment and Wages program. The preliminary data marks the largest downward revision since 2009 and shows that the labor market
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Alaska Republican drops out of three-way
House race, dealing surprise blow to Democrats nationally 8 replies
House race, dealing surprise blow to Democrats nationally 8 replies
In what may be a surprise blow to Democrats' chances of holding a key red state seat in the U.S. House, Alaska Lt. Gov. Nancy Dahlstrom announced Friday she is suspending her campaign for Congress. Dahlstrom was in what was essentially a three-way race with incumbent Democratic Rep. Mary Peltola and Republican Nick Begich III, who comes from a prominent political family in The Last Frontier. (Snip) Though the two GOP candidates garnered more votes than Peltola, she was named the winner after the hierarchical rounds of ranked choice vote tallying concluded. Under the system, the lowest vote-getter is eliminated
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US job growth during much of the past year was significantly weaker than initially estimated, according to new data released Wednesday. The Bureau of Labor Statistics’ preliminary annual benchmark review of employment data suggests that there were 818,000 fewer jobs in March of this year than were initially reported. Every year, the BLS conducts a revision to the data from its monthly survey of businesses’ payrolls, then benchmarks the March employment level to those measured by the Quarterly Census of Employment and Wages program. The preliminary data marks the largest downward revision since 2009 and shows that the labor market
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Financial services company TIAA is closing its Denver offices at a building that has become a prominent feature of the city skyline — with the financial giant’s logo emblazoned across the top. The company said this week that it will leave Denver in July 2026 and relocate to its new headquarters building in Frisco, Texas, according to an August 6 letter sent to employees. (Snip) The departure is another blow to Downtown Denver, an area of the city that has struggled to recover from the pandemic. Roughly one-third of the office space downtown is sitting empty as remote work becomes
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Disgraced former FBI Director James Comey is emphatically urging Americans to vote for Vice President Kamala Harris and her running mate Minnesota Gov. Tim Walz in the 2024 presidential election.
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“I will,” Comey vowed:
A woman who inherited $250,000 from her late grandmother has revealed how she quit her job, blew through the money and now lives in a rental home. Sarah Faith Jacobson, a 40-year-old corporate consultant in Texas, said after she received the large amount of money she had no idea what to do with it, and 'regrets' how she spent it. Her grandparents were successful Bay Area real-estate investors in the 1970s,
Bill Clinton joked that he didn't have many conventions left during his speech at the DNC Wednesday night, as many on social media said his voice and hands were shaky the entire time.
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As The Gateway Pundit reported, washed-up talk show host Oprah Winfrey enthusiastically endorsed Kamala Harris at the DNC Convention in Chicago Wednesday night while trashing President Trump and other Republicans at the event.
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Earlier today the Bureau of Labor and Statistics (BLS) revised the annual jobs report to remove 818,000 previously recorded jobs.
[…] “The Bureau of Labor Statistics revised down its total tally of jobs created in the year through March by 818,000 as part of its preliminary annual benchmark review of payroll data. That suggests the economy added an average of 174,000 jobs per month during that time period — below the previous 242,000 estimate. On a monthly basis, that amounts to about 68,000 fewer jobs. It marks the largest downward revision since 2009.” (read more)
Robert F. Kennedy Jr. said Friday that he was suspending his campaign - with a twist.
Kennedy pushed supporters who live in 10 swing states to back Republican nominee Donald Trump, but said his name would remain on the ballots on traditional red or blue states.
'I would like everyone to know that I am not terminating my campaign, I am simply suspending it,' Kennedy said in Arizona on Friday. In long-winded remarks, Kennedy said he was withdrawing from the race in swing states because, 'I would likely hand the election over to the Democrats, with whom I disagree on the most existential issues.'
A square white object appeared to fall off House Speaker Nancy Pelosi’s pant leg as she walked onto the stage at the Democratic National Convention (DNC) Wednesday night.
Pelosi waved to the crowd as she took the DNC stage and prepared to deliver her speech endorsing Democratic presidential nominee Kamala Harris. During the entrance, an unknown white object resembling toilet paper slid off her pant leg, with Pelosi pausing to glance at it.A square white object appeared to fall off House Speaker Nancy Pelosi’s pant leg as she walked onto the stage at the Democratic National Convention (DNC) Wednesday night.
Pelosi waved to the crowd as she took the DNC stage and
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A member of the Texas Democratic Delegation was robbed at gunpoint during the party's national convention, according to a report.
The victim, 25, was walking in downtown Chicago at 2am on Wednesday during the DNC when a black Range Rover pulled up alongside and armed men in ski masks got out.
The suspects are believed to have been involved in a string of robberies across the city, CWB Chicago reported. The attackers took the man's wallet and room keys, then crossed the street to rob someone else, the report states.
The FBI is investigating an incident at a delegate buffet breakfast at the Fairmont Hotel in Chicago where live maggots were thrown on the food.
"Multiple unknown female offenders are alleged to have entered a building...and began placing unknown objects onto tables containing food," the convention's information center said in a statement. "The offenders are believed to have then left the area. One victim was treated and released on-scene. Along with CPD, FBI-Chicago is assisting in the investigation."
No one claimed responsibility for what the FBI called an "attack." Got to watch those maggots, man. They can be vicious.
"We were all coming down to breakfast, and there were these two women
Comments:
Funny how the data errors always benefit Democrats when initially reported.